Adebayo Adelabu

Adebayo Adelabu
Adebayo Adelabu
Immediate Past Deputy Governor, Operations, Central Bank of Nigeria
In office
April 9, 2014 – May 24, 2018
Preceded by Tunde Lemo
Succeeded by Ade Sonubi
Personal details
Born Adebayo Adekola Adelabu
(1970-09-28) 28 September 1970
Ibadan, Oyo State, Nigeria
Political party All Progressives Congress
Alma mater Lagelu Grammar School, Ibadan
Obafemi Awolowo University

Adebayo Adelabu (born September 28, 1970) is the past Deputy Governor, Operations of the Central Bank of Nigeria. [1][2][3][4][5]

Early life and education

Adelabu was born to Aderibigbe Adelabu of Oke-Oluokun compound, Kudeti Area in Ibadan. His grandfather is Adegoke Adelabu.

Adelabu attended Ibadan Municipal Government Primary School, Agodi Ibadan from 1976 to 1982 and Lagelu Grammar School, Ibadan from 1982 to 1987.[6]

Adelabu received a First Class Degree in Accounting from Obafemi Awolowo University, Ile-Ife. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of Chartered Institute of Bankers of Nigeria and an Associate Member of the Institute of Directors of Nigeria and the United Kingdom. Adelabu has also taken up professional courses in various business schools, including Harvard, Stanford, Wharton, Columbia, Kelloggs, Euromoney, and the University of London.[7][2][8]

Professional career

Adelabu started his career with PriceWaterhouse (now PricewaterhouseCoopers), an international firm of Chartered Accountants and Management Consultants. During his seven years with the firm, he led and managed various audit and consultancy engagements for large banks and non-bank financial institutions within and outside Nigeria.[9]

He was on secondment to the Central Bank of Nigeria for one year in 1999 when he led the finance team on the CBN re-engineering and corporate renewal project tagged "Project EAGLES". He left the firm in year 2000 as an Audit Manager and Senior Consultant to join First Atlantic Bank as the Financial Controller and Group Head of Risk Management and Controls. He was later promoted to Chief Inspector of the Bank in 2002 and Group Head of National Public Sector Business in 2003.[10]

Adelabu moved to Standard Chartered Bank as the West African Regional Head of Finance and Strategy (Consumer Banking Business) with dual offices in Lagos and Accra. He was there till 2009 from where he became an Executive Director/Chief Financial Officer (CFO) of Nigeria's largest bank, First Bank of Nigeria Plc. (FBN) at the age of 39. [11]

Adebayo was appointed by former President Goodluck Ebele Jonathan in February 2014 as Deputy Governor, Operations of the Central Bank of Nigeria (CBN).[12]

Adelabu serves as the Chairman, Board of Directors of the Nigeria InterBank Settlement Systems (NIBBS) and has chaired the board of Financial Institution Training Centre (FITC). He is also a serving member of the Board of Federal Inland Revenue Services (FIRS), Nigeria Security Printing and Minting Company (NSPMC), the Assets Management Corporation of Nigeria (AMCON) and the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL).[13]

Personal Businesses

Adelabu is also a businessman and has investments spanning the Hospitality, Entertainment, Agriculture and Real Estate industries. He is the Group Chairman of Bayse One Group of Hotels, the Best Western Plus Hotels, Ibadan and Bayse One Farm.[14]

Political Life

Adelabu resigned from the (CBN) with the intention of seeking election into the Governorship Position of Oyo State in 2019.[15] He made his intention official on June 20th, 2018 when he visited the All Progressive Congress party secretariat in Ibadan to make his declaration and also pick up the Governorship aspirant form.[16][17] [18] On the 30th of September 2018, he emerged as the Gubernatorial Candidate for the APC (All Progressives Congress) Party in Oyo State at the party primaries held at the Lekan Salami Stadium in Ibadan.[19]

References

  1. ↑ "Mr. Adebayo Adelabu". Central Bank of Nigeria: Board of Directors. n.d. Retrieved April 23, 2018.
  2. 1 2 "Who is Adebayo Adelabu?". The Nation Nigeria. Oyo State, Nigeria: Vintage Press. February 21, 2016. Retrieved April 23, 2018.
  3. ↑ "CBN deputy governor, Adelabu resigns - Daily Post Nigeria". May 31, 2018.
  4. ↑ "CBN Deputy-Gov, Adelabu resigns - Vanguard News". May 31, 2018.
  5. ↑ "The Man Called Adegoke Adelabu 'Penkelemesi'". Old Naija.
  6. ↑ "Oyo Guber 2019: Ibadan Elitist Lagelu Grammar School To Field Eight Old Boys". PM Parrot.
  7. ↑ Akinsanmi, Gboyega (October 16, 2016). "Oyo Council Nominates CBN Chief for 2019 Guber Race". This Day. Retrieved April 23, 2018.
  8. ↑ "Board of the CBN". Central Bank of Nigeria.
  9. ↑ "Adelabu: a quintessential banker, role model". The Nation.
  10. ↑ "Bayo Adelabu Assumes as New CBN Deputy Governor". Invest Advocate.
  11. ↑ "FirstBank Appoints 5 Management Executives". Nigeria Communications Week.
  12. ↑ "Bayo Adelabu formally assumes role as new CBN Deputy Governor". Pro Share.
  13. ↑ "I still work with CBN, says Adebayo Adelabu". Tempo.
  14. ↑ "CBN Topshot Bayo Adelabu Constructs New Hotel In Ibadan". Paper Mache.
  15. ↑ "Adelabu resigns as CBN deputy gov to pursue guber ambition". May 31, 2018.
  16. ↑ "Adelabu, ex-CBN deputy governor, joins Oyo governorship race - Vanguard News". June 20, 2018.
  17. ↑ "Ex-CBN deputy gov, Adelabu, enters Oyo guber race".
  18. ↑ Ajayi, Ola (September 4, 2015). "100 years after: Ibadan remembers Adelabu Penkelemeesi". Vanguard Newspapers Nigeria. Ibadan. Retrieved April 27, 2018.
  19. ↑ Adebayo, Musliudeen (October 1, 2018). "Ex-CBN Deputy Governor, Adelabu emerges APC gubernatorial candidate in Oyo". Daily Post Nigeria. Ibadan. Retrieved October 1, 2018.
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